Military Security & Defence Market Research News

Military fighting vehicles market growing at 3.26% CAGR by 2021 made available by top research firm

Military Market Research

One trend in the market is open architecture for interoperability of systems. There is a growing shift toward systems based on open architecture due to the increasing need for armored military vehicles to be equipped with information networking technology.

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The global Military Fighting Vehicles market research report identifies the following companies are the key players: Denel SOC, General Dynamics, OSHKOSH DEFENSE, Rheinmetall, and Thales. Other Prominent Vendors in the market are: BAE Systems, Navistar Defense, NORINCO, Renault Trucks Defense, ST Engineering, and UralVagonZavod (UVZ).

Complete report on the Military Fighting Vehicles Market Research Report spread across 67 pages, profiling 11 companies with table of content is now available at…aspx?name=1127680 

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Military Fighting Vehicles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Ensuring interoperability and information exchange between all types of military vehicles will provide the vehicle operators with higher situational awareness and combat capabilities.

According to the report, one driver in the market is increasing civil unrest within countries. Countries are often threatened by internal terrorism that stems from geopolitical and socio-economic reasons.

Civil unrest is a common tool used by a section of the society to display resentment toward some internal factors such as government policies, economic under-development, and ethnic discrimination. Nations that are highly exposed to civil unrest are in the Middle East, Africa, and Latin America, where economic and political conditions are largely volatile.

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Further, the report states that one challenge in the market is cost overruns and program delays. Execution of a defense project faces many challenges without enough time to resolve them.

This leads to program delays, which indirectly increases the overall cost of the project. Technological and logistic glitches affect even the most well-planned delivery schedule and cause the cost to overrun the contract prices.

Such cost overruns and program delays are very common in defense project executions and product deliveries.

This report covers the present scenario and the growth prospects of the global military fighting vehicles market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Military fighting vehicles (MFVs) aim to integrate operational mobility and tactical offense and are, therefore, armed with weapons, sensors, and other combat systems. They are designed for both on- and off-road combat capabilities.

MFVs are classified according to their role on the battlefield. Some MFVs like main battle tanks (MBTs) are used for offensive purposes and are armed with heavy guns and cannons.

Others like armored personnel carriers (APCs) are transport defense personnel and supplies to battle stations while protecting them with cover fire.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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